Squire Patton Boggs has advised PHINIA Inc. (NYSE: PHIN), a diversified industrial supplier and global leader in the development of fuel systems, electrical systems, and aftermarket solutions, on its acquisition of 100% of the equity interests of the stoba Group, a global technology partner specialized in high-precision components, systems, and customized manufacturing solutions.
The Squire Patton Boggs team was led by Corporate partners Volker Heidbüchel in Berlin and Dan Berick in Cleveland and involved specialist lawyers from the firm’s offices in Germany, China, England, the Czech Republic and the US, including Alina Navarro Melendo, Laura Janke, Uwe Martin, Nora Thies, Sepp Wohlfarter, Christian Bleschke, Oliver Geiss, Arno Cuypers, Changshun Chen, Qi Wang, Hannah Crosland and Lenka Nova.
PHINIA is a diversified industrial supplier and global leader in the development of fuel systems, electrical systems, and aftermarket solutions. The company has approximately 13,500 employees and over 40 locations in 21 countries and is headquartered in Auburn Hills, Michigan, USA. With this acquisition complete, PHINIA expands its footprint across a range of strategic sectors, including passenger and commercial vehicles, off-highway, industrial, capital equipment, semiconductors, and aerospace and defense.
“We are delighted to support the great team at PHINIA on this transaction," commented Volker Heidbüchel. “It was also an opportunity to demonstrate our capability as a global law firm and introduce our colleagues from our international practice and draw on their expert corporate and industry knowledge to deliver the acquisition.”
